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RE: The social dilemma of Steemit
Yes it is https://en.m.wikipedia.org/wiki/Tragedy_of_the_commons economic theory of a situation within a shared-resource system where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource through their collective action. The concept and name originate in an essay written in 1833 by the Victorian economist William Forster Lloyd,